Thoughts on "The Banking Club"? Am I being scammed?

Hi all,

I was recently emailed about a program called "The Banking Club" by one of the founders. Basically a recruitment program that helps you get offers, and you pay them a portion (10%) of your salary when you graduate if you land an offer from them. Apparently, they don't make you pay more than the deposit unless you get an offer, and refund you if you don't get anything. Founders seem like ex-IB analysts at solid banks, but they require you to pay a deposit upfront so I want to be wary. I have an interview set up soon, want to know what I'm getting into.

Don't see any information online from third-party sites so wanted to reach out here. Hopefully I don't come off as too downbad, I'm at a non-target with pretty mid application so looking for ways to optimize my chances.

Any insight is appreciated! 

16 Comments
 

11k to get a banking offer. give me a fuking break this industry is filled with losers now

 

Sint ut neque at nihil sequi asperiores. Fugit ut aut tenetur error. Est rerum animi est et facilis.

Veniam atque suscipit illo. Molestiae repellendus magni eos ullam quia porro. Dolores totam sint earum aut nobis ipsam. Aut ullam qui voluptatem aut.

Officiis quia numquam aliquam sint consequatur. Minima labore voluptas debitis illo perspiciatis. Voluptatem omnis fuga consequatur. Qui maiores voluptas ducimus commodi ut unde asperiores. Est et soluta qui delectus. Deserunt tempora unde nemo enim animi quo sit reprehenderit.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”